TVS Supply Chain Solutions, a subsidiary of TVS Mobility Group, is set to launch its initial public offering (IPO) on August 10, with the subscription period closing on August 14.
For Anchor Investors, the IPO will open on August 9. The offering consists of new shares worth Rs 600 crore, and existing shareholders will sell 1.42 crore equity shares.
Prominent Shareholders Participating in the Offer for Sale (OFS)
As part of the Offer for Sale (OFS), Omega TC Holdings PTE Ltd will sell 1.07 crore shares, while Tata Capital Financial Services Ltd will sell 9.84 lakh shares.
TVS Motor Company Limited and Kotak Special Situations Fund are also participating in the OFS.
Utilization of Funds: Debt Repayment and General Company Work
The IPO aims to raise Rs 525 crore, which will be utilized primarily for debt repayment of the company and its subsidiaries, namely TVS LI UK and TVS SCS Singapore.
The remaining funds will be allocated to support general company operations.
The IPO received regulatory approval last week after the company submitted its draft papers in April.
TVS Supply Chain Solutions: A Leading Global Integrated Supply Chain Provider
TVS Supply Chain Solutions (TVS SCS) is a prominent integrated supply chain solutions provider with a presence in over 25 countries.
It operates under the TVS Mobility Group, having been promoted by the erstwhile TVS Group.
The company’s diverse business verticals include Supply Chain Solutions, Manufacturing, Auto Dealership, and Aftermarket Sales & Service.
Financial Performance and Book-Running Lead Managers for the IPO
In the financial year ending March 2023, TVS Supply Chain Solutions recorded a revenue of Rs 10,235 crore and a profit of Rs 41.76 crore.
The book-running lead managers overseeing the IPO are JM Financial, Axis Capital, JP Morgan India, BNP Paribas, Edelweiss Financial Services, and Equirus Capital.
Investors can consider these key factors before making investment decisions in the upcoming IPO.
